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SCADA in Oil & Gas Market to Witness Robust Expansion by 2024– Top Key players like ABB,Siemens,PSI,Inc.
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SCADA is an automation system that helps to acquire data from remote devices, such as transmitters, pumps, and valves, installed in the field. It uses the SCADA software platform to provide remote control, and helps to operate the devices accordingly. It also functions as a graphic display, trending, alarm, and stores data. Earlier, a generic SCADA system was used to be implemented in all end-user industries; however, advances in technology have led to customized SCADA systems that are designed to meet specific requirements of each industry.
North America is expected to dominate the this market during the forecast period, due to increase in investments in the pipeline infrastructure and increased adoption of cloud services in the region. Growing investments in refineries and exploration of new oil & gas fields in the US and Canada is also expected to drive the demand for SCADA in the oil & gas industry in North America.
In 2017, the global SCADA in Oil & Gas market size was 3410 million US$ and it is expected to reach 5280 million US$ by the end of 2025, with a CAGR of 5.6% between 2018 and 2025.
Market Segment by Manufacturers, this report covers
ABB
Schneider Electric
Rockwell Automation
Mitsubishi Electric
Siemens
General Electric
Yokogawa Electric
PSI
Larsen & Toubro
Emerson Electric
IBM
Honeywell
Technipfmc
Market Segment by Type, covers
Hardware
Software
Service
Market Segment by Applications, can be divided into
Onshore
Offshore
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Related Information:
North America SCADA in Oil & Gas Market Growth 2019-2024
United States SCADA in Oil & Gas Market Growth 2019-2024
Asia-Pacific SCADA in Oil & Gas Market Growth 2019-2024
Europe SCADA in Oil & Gas Market Growth 2019-2024
EMEA SCADA in Oil & Gas Market Growth 2019-2024
Global SCADA in Oil & Gas Market Growth 2019-2024
China SCADA in Oil & Gas Market Growth 2019-2024
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